07-01-2022  6:25 am   •   PDX and SEA Weather
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NORTHWEST NEWS

Eugene Woman Attacked With Acid for Third Time Since March

A Eugene, Oregon, woman who had acid thrown on her while walking her dog in March has been the target of two additional acid attacks at her home

Minimum Wage Increase Initiative Qualifies in WA City

An initiative to increase the minimum hourly wage in Tukwila, Washington, by more than has qualified for the November ballot.

Sydney McLaughlin Does It Again, Breaks Own World Record

When asked how she was going to celebrated afterward, McLaughlin joked: “Eating some real food besides vegetables. Like a cheeseburger or something, some pancakes.”

Inslee Seeks Abortion Rights Amendment to State Constitution

Gov. Jay Inslee will push for a state constitutional amendment to protect abortion rights within the state, and laws that make it difficult for other states to investigate whether their own residents have visited Washington for abortion care.

NEWS BRIEFS

State Continues Paying Out Oregon Emergency Rental Assistance Program Applications to Renters and Landlords Across Oregon

More than 60,000 Oregon households facing pandemic hardship receive over 6 million in rental assistance relief ...

KGW and TEGNA Foundation Award $40k in Community Grants to Aid Four Oregon Nonprofit Organizations

Among the grant recipients are Urban Nature Partners PDX, Self Enhancement, Inc (SEI), Portland YouthBuilders (PYB), and p:ear. ...

Hawthorne, Morrison Bridges Will Close to Motorized Vehicles for July 4 Fireworks Show

The bridges will remain open for bicyclists and pedestrians. ...

Increased Emergency Snap Benefits Continue in July

Approximately 422,000 households will receive an estimated million in extra food benefits ...

Opacity of Performance: Takahiro Yamamoto Opens at PAM

The Portland Art Museum marks a return to live art inside its galleries with a dance installation by Takahiro Yamamoto, the museum’s...

Puget Sound crabbing starts Friday

SEATTLE (AP) — Puget Sound crabbing kicks off Friday! While some Western Washington crabbing areas, like the South Coast / Pacific Ocean and Columbia River have yearlong crabbing seasons, the season starts July 1 in most Puget Sound areas. In a few areas, the crab season starts on...

Post-Roe, states struggle with conflicting abortion bans

BOISE, Idaho (AP) — In Arizona, Republicans are fighting among themselves over whether a 121-year-old anti-abortion law from the pre-statehood Wild West days, when Arizona was still a frontier mining territory, should be enforced over a 2022 version. In Idaho, meanwhile, it is not...

OPINION

Biden’s Menthol Ban Follows the ‘Racist Law’ Playbook

The ban on menthol threatens to do more harm than good for the Black people these activists purport to want to protect ...

Black Women Will Suffer the Harshest Consequences After the Overturn of Roe

Black women are nearly three times more likely to die during childbirth than white women and are more likely to face maternal health issues. ...

Justice Clarence Thomas and the Conservative Supreme Court Have Fanned the Flames of Racism in America

Former President Donald Trump’s Make America Great Again cry proved an easy between-the-lines moniker, but even that stood as a dog whistle – until now. ...

Portland Will Be Center of the Golf Universe as $25 Million Event Debuts in the Rose City

The last time Oregon hosted a PGA Tour event was the Portland Invitational Open back in 1966. ...

AFRICAN AMERICANS IN THE NEWS

Jackson sworn in, becomes 1st Black woman on Supreme Court

WASHINGTON (AP) — Ketanji Brown Jackson was sworn in to the Supreme Court on Thursday, shattering a glass ceiling as the first Black woman on the nation’s highest court. The 51-year-old Jackson is the court’s 116th justice, and she took the place of the justice she once worked...

New Zealand designates Proud Boys a terrorist organization

WELLINGTON, New Zealand (AP) — New Zealand's government has declared that American far-right groups the Proud Boys and The Base are terrorist organizations. The two groups join 18 others including the Islamic State group that have been given an official terrorist designation, making...

Essence CEO Wanga: Festival is 'never leaving' New Orleans

NEW ORLEANS (AP) — Essence's chief executive officer said she's been asked multiple times whether the Essence Festival of Culture is staying in New Orleans. On Thursday, Caroline Wanga ended any speculation, making the answer to that question very clear. “The Essence Festival of...

ENTERTAINMENT

'Glass Onion: A Knives Out Mystery' to debut at TIFF

NEW YORK (AP) — “Glass Onion: A Knives Out Mystery,” writer-director Rian Johnson’s follow-up to his whodunit hit “Knives Out,” will premiere at this year’s Toronto International Film Festival. The Canadian festival announced Wednesday that “Glass Onion” will make...

Trial winds down in shooting death of rapper Nipsey Hussle

LOS ANGELES (AP) — Both sides rested their cases Wednesday in the trial of a man charged with the killing of rapper Nipsey Hussle after a day's delay because of an assault on the defendant by fellow jail inmates. Closing arguments are set to begin Thursday in the trial of Eric...

Sonny Barger, figurehead of Hells Angels, dies at 83

LIVERMORE, Calif. (AP) — Sonny Barger, the leather-clad fixture of 1960s counterculture and figurehead of the Hells Angels motorcycle club who was at the notorious Rolling Stones concert at Altamont Speedway, has died. He was 83. Barger's death was announced on his Facebook page...

U.S. & WORLD NEWS

Xi defends vision of Hong Kong on 25th anniversary of return

HONG KONG (AP) — China’s leader Xi Jinping marked the 25th anniversary of Hong Kong’s return with a speech...

N. Korea suggests balloons flown from South brought COVID-19

SEOUL, South Korea (AP) — North Korea suggested Friday its COVID-19 outbreak began in people who had contact...

COVID cases up by more than 30% in Britain last week

LONDON (AP) — The number of new coronavirus cases across Britain has surged by more than 30% in the last week,...

Turkey blocks access to Deutsche Welle and Voice of America

ISTANBUL (AP) — Turkey’s media watchdog has banned access to the Turkish services of U.S. public service...

Cups, straws, spoons: India starts on single-use plastic ban

NEW DELHI (AP) — India banned some single-use or disposable plastic products Friday as part of a federal plan to...

Taliban supreme leader prays for Afghanistan's quake victims

ISLAMABAD (AP) — The Taliban’s supreme leader offered prayers Friday for Afghanistan's earthquake victims...

Sophia Yan CNN Money

HONG KONG (CNNMoney) -- The number of Americans choosing to give up their citizenship has spiked dramatically this year as the government works to implement a new disclosure law aimed at stamping out tax evasion.

Some of the rush may be caused by Americans hoping to avoid the new disclosure requirements. Others living abroad say they are giving up their U.S. passport because they are tired of dealing with overly complicated tax filings.

Unlike most countries, the U.S. continues to tax citizens on all income, regardless of where it is earned or where they reside. For expats, filing taxes in two countries often means wrestling with a huge mountain of paperwork.

"Every year, I was spending about $600 to $700 having somebody do the tax paperwork," said Kim-Fredrik Schneider, who now resides in the U.K. and retains his Swedish passport.

Schneider, who hasn't lived in the U.S. for about 13 years, was one of about 1,809 people to renounce U.S. citizenship or give up their green cards in the first half of 2013. That's a sharp uptick from 2012, when government data showed only 932 renunciations over the entire year.

The increase comes as the U.S. prepares to implement the Foreign Account Tax Compliance Act, a new law that requires foreign institutions to report all assets owned by Americans.

The measure, approved by Congress in 2010, is aimed at recouping some of the hundreds of billions the government says it loses each year in unpaid taxes. The law also requires individuals with overseas assets to file additional forms.

Most people renouncing citizenship are "hardly the 'fat cat' tax exiles," said Eugene Chow of Hong Kong immigration firm Chow King & Associates.

Instead, Chow said, clients who choose to give up their citizenship are often "really very ordinary people" who find it difficult to comply with the ever-changing tax code.

Immigration lawyer Melissa Vincenty of Fragomen recalled one client, a woman nearing retirement age, who gave up her citizenship for the same reason.

She had been filing taxes as an expat for nearly four decades, and didn't want to deal with it anymore, Vincenty said.

While the paperwork is certainly a burden, concerns over wealth preservation can also be a contributing factor.

Eduardo Saverin, one of Facebook's four co-founders, is one of the wealthiest individuals to give up his passport, and has since taken up residency in Singapore.

Saverin officially expatriated from the U.S. last year, before Facebook's IPO. The Brazilian native insists he did not renounce his citizenship for tax reasons, but his move still drew criticism from high-profile lawmakers.

Even individuals who are not among the super rich are considering giving up their citizenship -- especially when lower tax rates beckon in other countries.

Americans are looking down the road at how their investments such as retirement funds will be taxed, Vincenty said.

Giving up your US citizenship, she said, is a "realistic option to be able to manage those tax burdens."

For those who haven't paid their taxes, giving up citizenship isn't an easy way out. The government can still go after former citizens if evidence of tax evasion surfaces.

Plus, there's no statute of limitations and the IRS could then collect back taxes, said Scott Michel, president of Caplin & Drysdale, an international tax law firm.

There is also a hefty exit tax applied for Americans who have assets over $2 million, he said. Even the heirs of people who have given up their passports could be responsible for taxes on inherited assets, if they remain U.S. citizens.

Chow, the Hong Kong lawyer, said this is by design.

"[The U.S.] wants to charge you for the privilege of leaving, so you won't have an incentive to get out," he said. "In their zeal to nail people with offshore accounts evading tax, they pass these rules that make life very, very difficult for ordinary people."

Taxes aside, bidding Uncle Sam farewell can be an emotional decision, Vincenty said. "Lots of people are torn about it."

Schneider framed the issue in more philosophical terms.

"Am I still American? Well, I certainly sound American; I know a heck of a lot about American culture," he said. "I haven't stopped being who I am just because I don't have a contract with the government."

 

Jan. 6 Committe Hearings - Day 6

A suprise hearing with newly discovered evidence will be held Tuesday, June 28 at 9:45 a.m. PT (12:45 p.m. ET).

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